First Trust Advisors LP Reduces Holdings in Janus Henderson Group plc $JHG

First Trust Advisors LP reduced its position in shares of Janus Henderson Group plc (NYSE:JHG) by 76.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,627 shares of the company’s stock after selling 595,787 shares during the period. First Trust Advisors LP owned about 0.12% of Janus Henderson Group worth $9,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JHG. AlTi Global Inc. acquired a new stake in Janus Henderson Group during the 1st quarter valued at $1,284,000. Earned Wealth Advisors LLC acquired a new position in Janus Henderson Group in the 1st quarter worth $223,000. Commonwealth Financial Services LLC acquired a new position in Janus Henderson Group in the 1st quarter worth $250,000. Parallel Advisors LLC boosted its position in Janus Henderson Group by 35.1% in the 1st quarter. Parallel Advisors LLC now owns 14,454 shares of the company’s stock valued at $743,000 after buying an additional 3,758 shares during the last quarter. Finally, KBC Group NV boosted its position in Janus Henderson Group by 3,569.8% in the 1st quarter. KBC Group NV now owns 124,334 shares of the company’s stock valued at $6,387,000 after buying an additional 120,946 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JHG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Wednesday, June 24th. Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Janus Henderson Group presently has an average rating of “Hold” and a consensus target price of $49.40.

Janus Henderson Group Stock Performance

JHG opened at $51.95 on Friday. The stock has a market capitalization of $8.00 billion, a PE ratio of 10.23, a P/E/G ratio of 5.78 and a beta of 1.35. The firm’s fifty day moving average price is $51.89 and its 200 day moving average price is $50.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. Janus Henderson Group plc has a 12-month low of $38.67 and a 12-month high of $53.76.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The company had revenue of $541.60 million for the quarter, compared to analyst estimates of $560.37 million. During the same period in the prior year, the business earned $0.79 earnings per share. Janus Henderson Group’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts expect that Janus Henderson Group plc will post 4.39 EPS for the current fiscal year.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.